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. >> third, i think they are agreed on budget cuts but not which cuts. i think they are agreed now that big deal is dead so they will try to go for some small deal. i guess they're there but it's clear mitch mcconnell is concerned that the republicans in the house can't get anything through. >> well, then i don't think they're dead. your hopes of them all agreeing on the three things you named as you said, you don't know if it can get through the house. a house divided cannot stand for america, pat. richard, what is your reading? ? the republicans can't get it together and the people who may pay for this is the american public? >> before we get there reverend, i want to pick up on something pat said. if there were any kind of tax increase at all republicans would be finished. let's look at the polls. recent gallup polls suggest that only one in five american voters think that this deficit crisis needs to be dealt with, with spending cuts alone. in other words, the vast majority of voters want to see a mix. now you can debate where the mix should be between spending and revenues, between cut
in it that's pretty -- it's sort of outlined but not detailed in legislation and has a big, big dollar figure around it. so, sort of the big plan. passing that along with a debt ceiling as sort of a big theory option instead of this mcconnell/reid plan, but it's so vague, as you can tell, and nothing that i have as any sort of firm plan, just, like, something that's sort of out there in the ether, they just don't have a plan at this point, no one does, john. >> it sounds like, and some people at home are saying, my god, there they go into washington speak again. i'll try to simply phi it. they are trying to fit certain pieces together to get you to several trillion in deficit reduction and that seems to be where we are, a bunch ideas. i'll go over to the wall a little bit, because jess talks about the mcconnell plan, that would give the president the authority to raise the debt ceiling and maybe they would come up with a commission with spending cuts. that's one backup plan. another backup plan is the gang of six. and i want to bring up the gang of six yesterday we talked about that. they hav
in three weeks the president continued to press for a big deal to raise the debt ceiling and to reduce the deficit by $4 trillion. >> i am still pushing for us to achieve a big deal. but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payme on deficit reduction. we are obviously running out of time. and so what i have said to the members of congress is that you need over the next 24 to 36 hours to give me some sense of whayour plan is to get the debt ceiling rais through whatever mechanisms they can think about and show me a plan in tes of what you are doing for deficit and debt reduction. if they show me a serious plan, i'm readyo move. even if it requires some toh decisions on my part. and i'm hopeful that over the next couple of days 'll see this long jam broken because the american people i think understandably want toee washgton do its job. >> president obama ruled out a 2.4 trillion plan prosed by house republicans. >> in my expectation is that you will probably see the house vote on
, and everything, they give big tax breaks for the oil companies. the big manufacturers. they're taking jobs away from us. and why they think it is best to do that. i need an answer to that, because i work 40 years of my life, and now i'm disabled. and now they're talking about cutting everything. i just don't think -- i've even put my life on the line for this country, vietnam. why they think it's the right thing to do. host: thanks for your call. next up, a comment from hewitt, texas. tony, a republican there. good morning. caller: good morning. how's everybody there this morning? host: it's a little hot both temperature-wise and internally i think here. caller: yeah. you know, we deal with a few facts here this morning. that cut, cap and balance that was passed did two things that everybody just is totally bent out of shape about. one of which is that it would raise the debt ceiling, and we would give that community organizer everything he wanted. it also, at the time, would say that the united states would even have a downgrade in its debt rating. and what do we do? well, you got the presiden
the impact. but i'm wondering, two of the candidates will be coming out after this big debate here in washington. does that give an advantage or a disadvantage or is it unclear based on the outcome? >> well, it's unclear based on the outcome certainly. the congresswoman and the congressman have both been very strong in their opposition. >> no compromise. right? >> that will appeal to many people in the base of the party. and i think what you've heard from some of the other candidates is somewhat more equivocal position. though john huntsman this week came out strongly for the boehner plan and said it was the only plan going and that the republicans and everybody ought to get behind it. congresswoman bachmann in particular, i think, has staked out that kind of tea party position. and she'll probably benefit from that. i think the other candidates are trying to get a piece of that, but try to go more broadly. >> i think bachmann and to a certain extent paul also risk some pleasure of backlash, or could in their don't raise the ceiling at all and their positions, playing down is a pot
casey anthony, big day. she's getting out of jail on sunday. will you be doing some commentary this weekend? or are you taking this weekend off? >> i may very well, but certainly i'll be talking about it on monday morning. >> have a good weekend, whatever you might end up doing. good to see you as always. thank you so much for being here with me in the cnn news room. i of course will be with you tomorrow and sunday. >>> the president said he's willing to think small if he has to in order to break the stalemate over raising the debt limit. also new apologies from media mogul rupert murdoch. he met with the family of a murdered teenager whose phone was hacked by his now defunct tabloid. there are fast-moving developments in this scandal. it's ungulfing his entire news empire. and as casey anthony prepares to get out of jail on sunday, will she shun the media spotlight or will she try to capitalize on her supposed fame? i'm wolf blitzer. you're in "the situation room." >> president obama back at the bully pulpit for the second time this week to make sure ameripay bill. he went bef
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
have a big jump in revenue. obama has been saying let's thai the bush tax cuts are going to lapse and we are going to extend the ones for the middle class. republicans are afraid to let him do that up front. it would kill momentum for a tax reform. >> but, but, but why just get rid of the bush tax cuts. if they are so awful, why not get rid of all of them. get rid of all of them for everybody. if tax cuts are the worst thing ever, the bush tax cuts, get rid of the bush tax cuts for everybody and raise billions in revenue. >> right. i think we could probably figure it out sitting around the table. i don't think it's that difficult. they are locked in in political terms. it's a much different issue to them. you can make rational compromises and deals here. the problem is, how do they do it. what's happening is they are at the point where they realize the consequences. at some point, they realize they have to do something other than hold the ground saying this is it. we're not going to change anything. we are at that point and we have little time to work with. >> howard dean, look wh
in these negotiations. chief washington correspondent jim angle looks at how big the gap is between what medicare takes in and what it owes. >> lawmakers of both sides agree that it's unsustainable. a problem raised with the former director of the congressional budget office. >> our understanding is that medicare is insul vent to $60 trillion is that right? >> it's underfunded by any piece of arithmetic. this year, 51% of the cost comes from tax revenue, not premiums paid by seniors, an amount that will soar in coming years. the new healthcare law seeks to cap healthcare spending to measure of inflation. if it goes faster something called the independent payment advisory board or icap would find savings. >> the board is prohibited by law to make recommendations to ration care, reduce benefits, raise premiums or raise cost sharing. >> it would therefore be limited to calling for cuts to providers such as doctors. committee chairman paul ryan knows providers only get # 0% of the rate now, headed to 66% and then half of that. he argues that doctors will just stop treating seniors. >> it's rationing on the
, carmageddon is what they're calling it. now, it might not sound like a big deal to you that a freeway is shut down, but this is not just any freeway. we will take you there for what is sure to be an interesting weekend in l.a. >>> also, an ipad 2 for $69. sears was offering that deal yesterday. today, they're offering an apology. the big mistake that had people thinking they had gotten the bargain of the year. >>> but let's now turn to the 405 freeway. the infamous 405 in los angeles. it is shut down this weekend. and you might be thinking, if you're not familiar with the area, big deal, freeway's shut down for construction. but think, folks, what if you are in new york and they shut down the brooklyn queens expressway? what if you're in chicago and they shut down the dan ryan? what if you're in atlanta, they shut down 75/85. you're in the bay area and they shut down highway 80 over the bay bridge? that's what we're talking about. this is how important 405 is. 500,000 drivers go on to the 405 every single weekend, but this weekend,s is not an option. the construction work is supposed to be do
. >>> well, the big story today, debt-struction. a lot of political shenanigans, developments coming fast and furious,y might expect this afternoon. widely, the markets are expecting a deal of some findish even if it's a band thade doesn't do much. we'll see what it mean. good afternoon. i'm dylan ratigan. a mass of house votes on yet another revised version of speaker boehner's deal. all of these deal, lick nickels and -- the final vote won't come until later tonight if boehner can whip up the 216 votes to do the deal. couldn't do it yesterday. we start with luke rurt on capitol hill. mike viqueira on standby at the white house. we begin with you, luke. tell me about a tea party politician who ran for the congress in objection to the back room arm twisting where i say i'll take away funding for the bridge, the sochool, the hospital if you don't vote on this? people wouldn't tolerate that and i imagine they're saying i'll withdraw your funding if you don't say yes on this vote? >> the house gop banned earmarks. weren't of the reasons boehner didn't go to the floor. not aa lot to give away
>>> the big story today, money talks. i'm matt milner for dylan ratigan. you'll be shocked. no magic the fix out of today's bipartisan sitdown at the white house. more agreeing to disagree for now. >> nothing is agreed to until everything is agreed to and the parties still far apart on a wide range of issues. everybody acknowledged that there's going to be pain involved politically on all sides. >> still, the president hinting at subtle signs of progress. now pushing to double the size of proposed spending cuts to $4 trillion over ten years. democrat and republican leaders will work through the weekend and meet with president obama again on sunday. areas of potential xpra mize, closing loopholes in the tax code if it doesn't sound like a tax code and changing yearly adjustments for social security. yes, social security is back on the table. though the white house says their only goal, "strengthen the program." keep in mind the august 2nd august debt ceiling deadline is less than four weeks away. mike viqueira is live on the lawn of the white house. what if anything was acco
are loop hoeholing loopholings. >> shouldn't they hold firm, democrats, on this. >> this is a big step forward for john cornyn, one of the big leaders in the -- a leader in the republican senate campaign committee to suggest they're open to the idea if not in the intermediate term closing loopholes is an important first step. it suggests that you can win some of your concessions you want here. if you're going to take drastic steps to reform medicare and medicaid and social security, which i agree we should, you should also hold firm to say that some are going to have their taxes changed. if the middle class and the people below the middle class are going to make sacrifices, and all americans should. people on the upper oechend sho as well. hopefully they'll agree to a corporate tax cut and hopefully doing something incentivize businesses hiring going forward. >> we got some great segment ms ahead. and must reads. the tax issue hurts it economy to deal with this a little bit and get what the democrats want on this. i don't think it does. >> i want patrick to explain this. he never quite
their arguments outside rather than keeping them inside the room. the president wanted the big deal, john boehner it seemed wanted the big deal, and it's very clear that that is not likely to happen. so at this point the president had his press conference yesterday. he said, you know, i'm the grownup in the room here. we each need to give a little on something. he said, by the way, if we don't agree, guess who will sufficiensufficiener? the american people. >> you mentioned spooking the american people. i saw a poll today and i'm sure the white house saw it as well. in it it showed americans are more worried about raising the debt limit than they are about the government defaulting. could the statement by the president be, i don't know, a calculated effort to warn the country, talking about millions who don't get the checks about the severity of this government default? >> absolutely. i think the president is now starting to say, okay, and we're getting a little into the blame game now. okay, if the government defaults, you're not going to get your social security checks and your veterans benefit
to lead, they want them to come to washington and take care of the big issues that confront us right now, one is definitely the debt ceiling, the other is the debt. i tell you this. what they want is for us to take care of these big issues in a way that will allow you to work within our physical means, but at the same time provide them with the opportunities that they need for the future. this back and forth, these battling press conferences day to day, the ongoing conversations that they've been having, folks watching this at home have been terribly frustrated. my hope is we can get to a resolution on this very quickly. alisyn: sure, obviously everybody wants a resolution. americans are frustrated: doesn't it put the democrats in a bit of an untenable position to say, we are actually against a balanced budget? >> i think we need to clarify, democrats are not against the balanced budget. they are calling for a shared sacrifice. and the challenge is during the entire conversations about the debt ceiling, the debt and the deficit, what you've seen are democrats putting things on the line,
probing with the white house the possibility of a big deal that would be nearly $4 trillion in deficit reduction and include $800 billion in added tax revenues over the next ten years. if he goes this route, i am told he will face a revolt from his republicans on the house including his fellow leaders including kevin mccarthy, i'm told he is still considering it even though it's risky. >> treasury secretary tim geithner joins me now. he would have to manage the chaos if the united states defaults for the first time in history. secretary geithner, thank you for being here. well, you just heard what jonathan said about what'ss on the table. is it possible that there will be a framework deal in place by 4:00 p.m. this afternoon. >> i hope so. again, both leaders recognize they're running out of time. they need to get this process moving in the house by monday night to achieve that deadline. they need to have a framework that they know with complete confidence will pass both houses of congress and is acceptable to the president and that should happen today. >> you think it can happen befor
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
a lot to talk about. big news over the budget and deficit reduction. president obama is rejecting calls for a short-term hike. he made a rare appearance in the press room. he's challenging them to seize the moment and cut a deal. >> i don't think the american people here sent us here to avoid tough problems. it's, in fact, what drives them nuts about washington. when both parties simply take the path of least resistance. i don't want to do that here. i believe right now, we have a unique opportunity to do something big. to tackle our deficit in a way that forces our government to live within our means. still allows us to invest in that future. >> all right. sounds good. sounds hopeful, it does. maybe something will get done, like everyone is going to come in. less than an hour after the president's invitation, john boehner missed the discussions saying a deal won't pass in the house, if it includes tax increases. he said, i'm happy to discuss the issues at the white house, but the discussions are fruitless until the president recognizes economic and legislative reality. >> that doesn't
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
that she could catch fire. look, when you start this thing, when you win iowa, if you win iowa big, that thing starts rolling through new hampshire and south carolina, it's over in weeks. i agree 100%. >> how was she going in philadelphia suburbs? how is she going to do in the i-4 corridor and in wisconsin? how is she going to do in new mexico, arizona? i would suggest, with swing voters not well at all. >> there's no doubt if you nominate michele bachmann, it's an enormous risk. the only conditions, i think, under which i believe she could win the presidency, if people say, if they did in 1980, i don't care, i'm taking a chance with this guy because what we got we can't stand, you get 9% or 10% unemployment, two more years, this country is ready for a lot of change. more "morning joe" in a moment. with the hotels.com 48-hour sale, the possibilities are endless. interesting... save up to 50% this tuesday and wednesday only. hotels.com. be smart. book smart.  finally, there's a choice for my patients with an irregular heartbeat called atrial fibrillation, or afib, that's not cause
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
savings, those are probably phony but here the important thing, no tax increases this is a big development in this budget story. [ talking over each other ] >> neil: you are making the assumption that there isn't an add-oncoming. you are right, the deal itself, [ talking over each other ] >> neil: don't jump the again. more than a trillion coming out of the wars. republicans have factored in that math as well. do you think given your point of view, that others will jump onboard of as the best thing out there? >> i think this is the basis for a deal. we have to jiggle the numbers, you are right. a lot of numbers in reid's budget proposal are phony. i think it is significant. weeks ago, harry reid put forward a budget with two trillion of tax increases, now he's at zero, that's a big deal. >> neil: we've been mentioning the markets and how they've held on. is that because they are factoring in a deal at the last minute or that they are okay, no matter what happens? >> i think the market has come to the perception we will have a deal. i think we are going to get a deal within 48 hours of augu
the battle on a short term debt ceiling because we can't put together a big one in one week's time. and you noticed the president had no statement in there, "i will veto a short-term debt ceiling." what happened to that? >> he didn't have that. i was wondering if you would allow if you ear in the president's position or advisor, you advised many presidents before. would you not tell him to stand up to his opponents? >> i would not tell the president of the united states to veto a short term debt ceiling. if, as a result, i'm going to throw my country into default over what? the president is willing to accept a clean debt ceiling with nothing. now boehner is going to give a debt ceiling with $1 trillion in cuts. why would he reject the good because it's not the best? >> my advice -- i think, pat, we've had this discussion on the show. pat and i sparred a bit in the last two weeks. i think pat, unfortunately, for the democrats standpoint is right. i don't mean you're right. you're more right this morning than wrong. if the president has to accept a short term plan which is looking more and mo
's casey anthony released shortly after midnight. last night -- night before last. the big question now is where did she go? >> right, where is she? >> where did she go? we know that after the courthouse right there, they went in a series of cars over to a parking garage where her attorney was. next thing you know, we don't know. >> possibly the old switch-a-roo there. >> she's facing the possibility of some lawsuits so she can't completely disappear so we may see her popping up again. right now, we don't know where she is and that's incredible really when you think about the amount of attention that this has gotten and that everyone knows what she looks like. >> it was amazing. had to go through some precautions. for a woman without a budget, it's amazing the amount of money we were spending on her, her safetyher future for now anyway or maybe somebody is keeping a tab because she probably will be coming into some money soon. they called up her parents and said do us a favor, show up at the hotel, excuse me, at the prison, and go -- and be a good decoy for the press who are going t
correspondent jean casarez spoke with cheney mason today. the big question when casey is released where is she going to go. did mason give a hint about that? >> he said plans are being made. he would not tell me what they are. but he is concerned for her safety, they all are. they do realize the public opinion in this nation deems casey anthony may be one of the most hated women in america right now. so they are taking security precautions for her safety. >> yeah. i want to play some of what he said about their fears for her safety. let's listen. >> sure. yeah. everybody around her knows we have to be concerned for her safety. there's a lot of nuts out there that don't believe in the constitution of the united states, don't believe in the jury system. and all you have to do is go downstairs on the sidewalk and you'll see. >> he wouldn't say, though, what precautions they're taking to ensure her safety, right? >> no. he wouldn't even tell me where she's going to go. he does not think she can live in orlando, florida or even the state of florida. and wonders where in the united states she can be
call, while we're waiting, is from big sandy, texas. scott is a republican. good morning. caller: yes, susan, if i were a republican and in the negotiations, i would continue to bring up the immorality that the democrats are willing to -- and the fact that they're willing to steal the liberty of future generations with this humongous debt. they need to hold their feet to the fire, and in the end, obama and the democrats will have to come around. there's no doubt about it. we've got the upper hand. even though you've got the press on the president's side, and i want all these democrats that have called in here supporting obama this morning, just ask yourself, are you honestly better off? has his policies actually helped this country? or is it sending this country to oblivion? none of his policies, none of his stimulus, none of it has worked. not one single bit of it. we're worse off now than when he took office, and we're continuing to go downhill. it's time this iron-headed fool relent and let the adults take over. host: thanks for your call. scott from big sandy, texas. here is speak
to be a big divide. how do you tweak that to make the two of them happy? that might be a tall order. i can't think what would make the tea party satisfied with this bill, but balanced budget amendment? >> right. there has within talk around here unconfirmed that that is the sweetener being added to the boehner bill, a balanced budget amendment. but really this is an extraordinary evening in an extraordinary episode, greta, one that political scientists will be studying for 50 years or more. we watch both divided government at its most dysfunctional. and a president who to many observers appears to be side lined for the time being as -- congressional leaders work behind closed doors to hammer this out and deep divisions whereby a powerful speaker john boehner is having difficulty coralling votes he needed. remember he lost 59 republican votes. you have this large freshman class, 80 members, a lot backed by the tea party and elected here to, on a promise of cutting spending and take one exyampem. tim scott from south carolina was one of two freshman for the first time ever given a seat at th
this theater for however long it's been now really pumps it up. i never thought there was going to be a big deficit or debt reduction deal between the two parties because it's not in the interest of either party. i think the republicans were tactically terrible because they allowed obama to sort of portray himself or present himself as the one who is above the fray and who is interested in making the most cuts to the budget and to the debt going forward. and then making it appear, not appear but it's true, the republicans are walking away from a real deal to cut spending in this country. also, it gave obama and the democrats a chance to spotlight the republicans position on taxes. there's no way to get a handle on budget deficits over the long term debt without raising somebody's taxes. >> if this is raising the white flag, if this is going against the base, what is the difference between this and cutting a deal on tax loopholes and other things that would not impact their message overall. what makes this better? >> this is horrible. >> it's stupid. >> it's a nightmare. it's cynical. the se
. if you are going to rule out medicare now and say yeah, we are going to make big cuts but rule out medicare. that means democrats are focusing on 10%, discretionary spending that is our investments, r & d, education, infrastructure. the things we need to double and triple down on. the things we can afford to do in trying to catch up with china if we take care of the long-term structural debt on taxes, on health care and these other issues. >> yeah, we talked about the fact our health care system is at least 50% more expensive procedure by procedure than any other place in the world. we have this grip on a lot of the health care sector. we need health care reform. this is obvious. but it's been obvious for years. they don't do it on either side. >> coming up, connecticut governor dannel mall low. >> he's going to yell at you. >> i think he's in for a fight, yeah. yeah. >> mika is mad. she's not putting up with it anymore. >> this is incredible. sexual assault allegations against strauss-kahn. why it's on the verge of collapse. >> he was in yonkers at the time. come on. >>> first, he
, this is a debate about our economy, and frankly is a big debate about the future of our country. until recently, the president was demanding that the congress increased the debt limit with no strings attached. as a matter of fact, the treasury secretary sent me a letter two days after we were sworn in demanding that we give him a clean increase in the debt limit. i responded and told the treasury secretary at the american people would not tolerate a clean increase in the debt ceiling unless there was serious spending cuts attached and will reform in the way we spent the american people's money. i went to new york city in may and gave a speech to the new york economic club where i outlined the challenges we were facing and i made it clear that we would not increase the debt limit for the cuts that exceeded that increase in the debt limit and that there would be no new taxes and that there would be serious spending reforms put in place. it is time to get serious. i'm confident that the leaders here in the congress can act, the white house will give serious, we will. >> your own aides say that the
commitment to big government. what they would like to see is the government sweated down. that's the point they've been trying to make. and there are honest differences and people have a very different view of what kind of society we ought to live in. >> but at a certain point, david, when there was a big deal on the table, and if as you say the president could have brought nancy pelosi along, and i agree with you i think he could have, the republicans would have gotten a great deficit reduction deal if they hadn't committed to the no tax pledge, right? >> but gloria, asking any party to commit to a $1 trillion of tax increases is an awful big lift for a party that is all along stood for lower taxes. and when they also feel a lot of these cuts are going to turn out to be illusory. their experience in the past they sign onto the bargains and they feel the democrats eventually wind up getting what they wanted and what they were promised never materializes. >> but there's a big difference between that and nothing. you know? a big difference. [ overlapping speakers ] >> where do you see the mi
said it was going to -- said it was going to. here's why it's such a big problem. because of speaker boehner, he said there's one major principle, you'll remember, jessica, as they moved forward to raise the debt ceiling, that the amount of the cuts be greater than the amount they raised the debt ceiling. and in this legislation right now is called for raising the debt ceiling by $900 billion, $850 billion, is less than $900 billion, so know that's a problem. policy aides are scrambling to try to rewrite the legislation to make their way forward. we know they're aiming for a vote tomorrow, but we don't know if they can promise it quite yet. we got a speaker from speaker boehner's spokesman, this coming from michael steele, in response, in reaction to the cbo, michael steele said we're here to change washington, no more spoke and mirrors or phantom cuts. we promised we'd cut more than the debt ceiling. as we speak, congressional, are looking at options to rewrite the legislation to meet our pledge. this is what can happen when you have an actual plan and submit all it really seemed to
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